Gold Piece - Gold is highly sought-after precious metal that for many centuries has been used as money, a store of value and in jewellery. The metal occurs as nuggets or grains in rocks and in alluvial deposits and is one of the coinage metals. It is a soft, shiny, yellow dense, malleable, and ductile (trivalent and univalent) transition metal. Modern industrial uses include dentistry and electronics. Gold forms the basis for a monetary standard used by the International Monetary Fund (IMF) and THE BANK OF INTERNATIONAL SETTLEMENTS its ISO currency code is XAU.